Please ensure Javascript is enabled for purposes of website accessibility

Johnson & Johnson Submits FDA Application for Multiple Myeloma Drug

By Mark Prvulovic – Feb 10, 2020 at 7:33PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Strong phase 3 trial results have prompted the healthcare giant to expand the use of Darzalex once again.

Johnson & Johnson (JNJ 0.33%) subsidiary Janssen announced on Monday that it had filed a supplemental Biologics License Application (sBLA) to the U.S. Food and Drug Administration (FDA) for its multiple myeloma drug Darzalex (also known as daratumumab).

Strong results from the company's phase 3 Candor study showed that J&J's Darzalex in combination with two other drugs from Amgen, Kyprolis and dexamethasone, helped reduce the chance of cancer progression or death than Amgen's two drugs without Darzalex. Johnson & Johnson's new application will seek to expand the drug's approval to be used alongside Kyprolis and dexamethasone specifically for multiple myeloma patients who have failed to respond to traditional therapy (also known as refractory or relapsed multiple myeloma).

A person in a lab coat with a stethoscope holding a clipboard that has a check mark next to the words multiple myeloma.

Image source: Getty Images.

Janssen Research & Development Vice President Dr. Craig Tendler went on to say that most patients with multiple myeloma end up seeing the condition return, hence the importance of there being multiple different treatment options available. Darzalex was first approved by the FDA back in November 2015, and since then has received a variety of additional approvals from the healthcare agency, usually regarding dosing regimens or its use as part of a new drug combination.

The multiple myeloma market

Multiple myeloma is a type of blood and bone marrow cancer in which the body produces abnormal blood cells, specifically white blood cells known as plasma cells. These abnormal cells begin to accumulate in the bone marrow, crowding out the healthy functioning blood cells.

Estimates project that the global market for multiple myeloma treatments could reach as high as $50.5 billion annually by 2025, which represents a compounded annual growth rate of 13.3% over the next five years.

Mark Prvulovic has no position in any of the stocks mentioned. The Motley Fool recommends Amgen and Johnson & Johnson. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Johnson & Johnson Stock Quote
Johnson & Johnson
$166.72 (0.33%) $0.54

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/26/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.